sickening to see us fall through these 2 benchmarks as it's totally unwarranted even with the virus threat. The stellar ER was totally thrown out the window and those that were 'ABLE TO' have had their way with us.... 'HAVE DONE SO". IMO the magnitude and end of their fleecing of this company is yet to be experienced. When you're on a roll...why quit?
Classic example of why investing long term is most advisable in most cases .....as insane GREED rules the day, most every day!.
Totally agree with your post GE_Jim...(see chart below). But losing the 50 & 200 is not necessarily the end of the world right now as we've been through that scenario before and usually bounce right back a day or two later. And I know it may not mean too much but notice the bottom support line of the uptrend lows since November. We were close to being there today and perhaps if VLNCF holds support there tomorrow this thing will turn itself back around. Of course if we lose and fall below that bottom support trend line it could be another story. My feeling is we will hold that line and perhaps be green tomorrow and will close out Friday green to at least finish out the week respectfully in the green. It seems that would be the fair thing to have happen under these extraordinary circumstances! Hoping to see a fast turnaround again here! Valens doesn't deserve to be priced where it is right now IMO. :-)
AltaCorp Capital analyst David M. Kideckel raised Valens estimates for fiscal 2020 revenue and adjusted EBITDA of $185.8 million and $81.6 million, respectively, and 2021 revenue and adjusted EBITDA of $245.8 million and $107.5 million, respectively.
Of course, given the coronavirus scare, who knows what's going to happen.
Passing pre-rolls and vapes among friends might be curtailed. That could be a good thing if more people use their own and don't share for fear of spreading the virus.
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